Cloud applications are computer programs where the processing logic and data storage is processed in the cloud. The growing focus towards scalability is one of the major factors supporting the growth of the cloud applications market. The cloud application market is fragmented with the presence of well-established global players as well as emerging local players. However, the market is dominated by some of the major companies operating in the market.
MARKET DYNAMICS
The increasing focus towards providing enhanced customer experience, business expansion requirements by large firms, and growing awareness regarding the benefits of cloud deployment are some of the significant factors driving the growth of the cloud application market. However, data security concerns and the increasing number of cyber-attacks might limit the growth of the cloud application market. The increasing adoption of cloud applications by SMEs is creating opportunities for the companies operating in the market to achieve a significant market position.
MARKET SCOPE
The "Global Cloud Application Market Analysis to 2028" is a specialized and in-depth study of the cloud application market with a special focus on the global market trend analysis. The report aims to provide an overview of cloud application market with detailed market segmentation by application, organization size, industry, and geography. The global cloud application market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloud application market players and offers key trends and opportunities in the cloud application market.
MARKET SEGMENTATION
The global cloud application market is segmented on the basis of application, organization size, and industry. Based on application, the market is segmented as ERP, CRM, HCM, SCM, content management, BI and Analytics, and others. On the basis of organization-size, the market is segmented as SMEs and large enterprises. Based on industry, the market is segmented as BFSI, retail and e-commerce, healthcare, IT and Telecom, oil and gas, government, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cloud application market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud application market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cloud application market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the cloud application market in these regions.
MARKET PLAYERS
The reports cover key developments in the cloud application market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cloud application market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud application market. Below mentioned is the list of few companies engaged in the cloud application market.
The report also includes the profiles of key cloud application market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Adobe Systems, Inc.
- IBM Corporation
- Infor
- Microsoft Corporation
- Oracle Corporation
- Sage Group plc
- Salesforce.com, Inc.
- SAP SE
- Workday, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.